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Kurt Eichenwald continues his chronicle of Donald Trump's business failures today, this time via a report from the New Jersey Department of Law and Public Safety that summarizes Trump's federal tax returns from the late 70s. The report was based on tax returns furnished to them when Trump first tried to break into the casino business in 1980. This was just after Trump had scored his first big success—the Grand Hyatt hotel in Manhattan—which relied entirely on loans personally guaranteed by Trump's father.read more

On May 21, the Washington Post reported that Donald Trump did not pay income taxes in 1978 or 1979:
Trump had submitted his 1978 and 1979 returns to the regulators as part of an application for a casino license. State records summar...

Donald Trump likes to pound his chest with outrage over how the United States is always losing to China. Which he should know, since one thing the United States loses to China is Donald Trump’s business. Kurt Eichenwald reports:
A N...

For a number of months now Donald Trump has refused to release his tax returns for public review, and the speculation has been that he either pays no or minimal federal taxes or that he gives very little to charity. ...Read more

It wasn’t just 1995.
Five years of tax information from the 1970s that Donald Trump provided to the New Jersey Department of Law and Public Safety show mismanagement and losses that could have pushed him into personal bankruptcy—but...